ThePublic Investment Fund(PIF) is exploring an initial public offering (IPD) of itswholly-owned technology firm, Saudi Information Technology Co. (SITE), Bloomberg reported, citing a source familiar with the matter.
Banks have been invited to pitch for roles on a potential share sale of SITE, but talks are at an early stage and details such as the size and timing of the offer are still under discussion. 
Established in 2017, SITE provides various technology services, including cybersecurity, cloud computing, and system integration.
ThePublic Investment Fund(PIF) is exploring an initial public offering (IPD) of itswholly-owned technology firm, Saudi Information Technology Co. (SITE), Bloomberg reported, citing a source familiar with the matter.
Banks have been invited to pitch for roles on a potential share sale of SITE, but talks are at an early stage and details such as the size and timing of the offer are still under discussion.
Established in 2017, SITE provides various technology services, including cybersecurity, cloud computing, and system integration.
